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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Apr. 26, 2020
Apr. 28, 2019
Apr. 26, 2020
Apr. 28, 2019
Income Statement [Abstract]        
Net Sales $ 2,422,465 $ 2,344,744 $ 4,806,899 $ 4,705,099
Cost of Products Sold 1,945,113 1,875,595 3,861,127 3,747,616
Gross Profit 477,352 469,149 945,773 957,483
Selling, General and Administrative 193,912 170,076 389,433 363,620
Equity in Earnings of Affiliates 10,021 13,291 17,608 24,749
Operating Income 293,460 312,364 573,948 618,612
Other Income and Expense:        
Interest and Investment Income (Expense) (3,474) 11,297 9,777 18,171
Interest Expense (3,497) (5,615) (7,074) (11,762)
Earnings Before Income Taxes 286,489 318,046 576,651 625,021
Provision for Income Taxes 58,873 35,410 106,083 100,866
Net Earnings 227,615 282,636 470,568 524,155
Less: Net Earnings (Loss) Attributable to Noncontrolling Interest (119) 207 (39) 301
Net Earnings Attributable to Hormel Foods Corporation $ 227,734 $ 282,429 $ 470,606 $ 523,854
Net Earnings Per Share        
Basic (in dollars per share) $ 0.42 $ 0.53 $ 0.88 $ 0.98
Diluted (in dollars per share) $ 0.42 $ 0.52 $ 0.86 $ 0.96
Weighted-average Shares Outstanding        
Basic (in shares) 538,119 535,480 536,597 534,988
Diluted (in shares) 546,373 546,330 545,594 546,724